Holmen's AGM - SEK 69 dividend

Holmen's AGM SEK 69 dividend Holmen AB's shareholders resolved at Tuesday's Annual General Meeting in favour of paying a dividend of SEK 69 per share, of which SEK 9 represents ordinary dividend and SEK 60 an extra dividend. The members of the Board were re-elected: Fredrik Lundberg, Carl Kempe, Per Ericson, Hans Larsson, Arne Mårtensson, Bengt Pettersson, Per Welin and Christer Zetterberg. At the statutory meeting of the Board, Fredrik Lundberg was re-elected Chairman and Carl Kempe deputy Chairman. The Meeting decided to reduce the share capital by MSEK 444 by withdrawing the 8,885,827 B shares bought back in 2000 and to transfer the amount of the capital reduction to a non-restricted reserve to be used as decided by a General Meeting. The Meeting also decided to authorise the Board to make a decision during the period until the next Annual General Meeting to buy back the company's shares on the stock market. The company's holding of its own shares shall not exceed ten per cent of the total number of shares in the company. The Board was also authorised to make a decision to use bought back shares as payment for acquisitions. The Board did not make any decision to buy back shares. This cannot be done until the bought back shares have been withdrawn, a process that is expected to take about five weeks. Shares may be bought back up to an amount not exceeding the total non-restricted equity stated in the adopted balance sheet. Given the present conditions, this is estimated to correspond to some five per cent of the number of outstanding shares. President and CEO Per Ericson's address to the AGM is available at www.holmen.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/20/20010320BIT01280/bit0002.doc http://www.bit.se/bitonline/2001/03/20/20010320BIT01280/bit0002.pdf